In his statement Jongwe said the group’s operating costs declined by four percent as the introduced cost cutting measures continue to bear fruit.

“The 2019 agricultural season has commenced on a good note. The group’s financial position continues to improve. The majority of our crops are destined for the export market, and as long as the group continues to focus on quality and maintaining its international accreditation, the strides made in 2018 will be improved upon,” he said.

Jongwe noted that Southdown Estates comprising of Southdown, Clearwater, Roscommon and Blended Tea Factory, continued to be the group’s dominant contributor to both revenue and profitability.

He said the group is investing heavily in enhancing its future growth and performance by making substantial capital expenditure, repairs and maintenance.

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